Contract Remedies

Question 1

Contract damages placing the injured party in a position as good as the one he would have held had the other party performed; equals loss of value minus loss avoided by injured party plus incidental damages plus consequential damages

Answer 1

Compensatory Damages

Question 2

Damages arising directly out of a breach of contract

Answer 2

Incidental Damages

Question 3

Damages not arising directly out of a breach but arising as a foreseeable result of the breach

Answer 3

Consequential Damages

Question 4

A small sum awarded where a contract has been breached but the loss is negligible or unproved

Answer 4

Nominal Damages

Question 5

Contract damages placing the injured party in as good a position as she would have been in had the contract not been made

Answer 5

Reliance Damages